EMotorad
Manufactures affordable electric bicycles for commuting, fitness, and adventure.
Founding year
2020
Sector
Electric Mobility, Consumer Goods
Investing round
Pre-Series A (January 2023)
Nishchay Chadha
Co-Founder
Founder & CEO
Founder & CEO
About
EMotorad (EM) is a Pune-based electric mobility startup specializing in designing and manufacturing electric bicycles that cater to a diverse range of riders, from urban commuters to adventure enthusiasts. EMotorad stands out by developing all five critical e-bike components: battery, motor, charger, display, and frame, in-house, achieving over 70% domestic value addition. Their product lineup includes models like the EMX, touted as India’s first dual-suspension e-bike, and the Lil-E, designed for urban mobility. With a strong presence in both B2C and B2B markets, EMotorad has expanded its reach to 18 states in India and is making strides in international markets. The company has secured significant funding, including a pre-Series A round of INR 24 crore led by Green Frontier Capital, and has attracted investors like Panthera Growth Partners and Indian cricket icon Mahendra Singh Dhoni.
Why We Invested?
Our investment in EMotorad is driven by the company’s innovative approach to sustainable urban mobility and its strong alignment with the growing demand for eco-friendly transportation solutions. EMotorad’s commitment to in-house manufacturing of key e-bike components not only ensures quality control but also positions the company favorably within India’s “Make in India” initiative. Their diverse product range addresses various market segments, from daily commuters to adventure seekers, and their strategic partnerships, such as the collaboration with Booz Mobility for customized Lil-E scooters, demonstrate their adaptability and market responsiveness. With a robust leadership team, a clear vision for growth, and a focus on innovation, EMotorad is well-positioned to capitalize on the expanding electric mobility market in India and beyond.
In the news
